OPEN-SOURCE SCRIPT
Dynamic Support & Resistance V6
The Dynamic Support & Resistance V6 is a lightweight, high-performance indicator designed to automatically identify and plot key market levels based on pivot price action. Instead of static lines, this script uses a dynamic array-based system. It tracks the most recent significant levels where price is likely to react.
The script utilizes the ta.pivothigh and ta.pivotlow functions to detect structural turning points. Once a pivot is confirmed (based on your chosen lookback period).
Key Features
How to Use
The script utilizes the ta.pivothigh and ta.pivotlow functions to detect structural turning points. Once a pivot is confirmed (based on your chosen lookback period).
- Draws an Extended Level: A line is projected from the pivot point to the current bar.
- Dynamic Management: It uses a FIFO (First-In-First-Out) logic to ensure only the most relevant maxLevels are displayed on your chart, keeping your workspace clean.
- Real-time Updates: Lines and labels automatically shift with each new bar to maintain a constant "right-edge" perspective.
Key Features
- Customizable Pivot Lookback: Adjust the sensitivity to find minor intraday levels or major swing levels.
- Visual Price Labels: Optional price tags for quick reference on key zones.
- Support/Resistance Differentiation: Color-coded levels (defaulting to Green for Support and Red for Resistance).
- Optimized for Version 6: Built using the latest Pine Script™ v6 standards for better performance.
How to Use
- Look for candles closing beyond the Resistance (Red) or Support (Green) lines.
- Use these levels as potential zones for "fakeouts" or rejections in confluence with your other entry triggers.
- Excellent for identifying logical Take Profit (TP) or Stop Loss (SL) zones based on recent market structure.
开源脚本
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开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Join my Telegram for real-time XAUUSD alerts and daily market breakdowns: t.me/gradsgold
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。